Monday, April 6, 2009

USDJPY (100.26)

USDJPY is looking to target 100.50 level and we might see it taking a dip below 100 level. Currently traders will look to buy USDJPY around 99.80 level for initial target around 101.00 level.

Recommended Trade Levels

Trade 1: Buy USDJPY @ 99.80
Trade 2: Buy USDJPY @ 98.50
Stop: 97.50
Profit Target 1: 101.00
Profit Target 2: 101.50

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